Author: NBTC
Franklin Templeton, a global asset manager with $1.3 trillion in assets under management, plans to launch a mutual fund on the Solana blockchain. The announcement was made during the Solana Breakpoint 2024 event, highlighting growing institutional interest in the blockchain space. Franklin Templeton’s move could be a game changer, signaling growing confidence among mainstream financial institutions in Solana’s technology. This partnership could elevate Solana’s standing in the financial world by demonstrating its scalability, speed, and security for asset management and other use cases. Solana’s adoption by such a major player could further advance the network’s ecosystem and influence future developments…
September has been historically a difficult month for U.S. stocks. And when it comes to the Bitcoin market, the so-called “September Effect” could be just as prevalent—and the performance of the price of BTC this first week lends credence to the theory. The Wall Street phenomenon has been well documented for nearly a century. Since 1929, the S&P 500 has declined in September 55% of the time, according to Open Markets, “by far the most out of any month, and the only individual month that has declined at least 50% of the time over the last 94 years.” The analysis…
Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic finance contracts also known as Murabaha contracts. This platform will reportedly enable lenders to target a wider customer base without violating Sharia principles. According to a report, the financial innovation also creates opportunities for non-financial institutions while ensuring secure and tokenized transactions for lenders. In…
Feline Telegram game Catizen has announced that its token can be used to gain a ticket to future airdrops through a season pass. This comes amid the launch and airdrop of its CATI token on The Open Network (TON). Catizen’s initial airdrop plans to reward players of its swipe-to-earn game with 15% of its total token supply. The token launch and airdrop is taking place today. Players weren’t entirely pleased when this was announced last week as they believed, as per the game’s whitepaper, 34% would be allocated to the airdrop. However, this was because Catizen was holding back 19%…
Amid the current decline in the Bitcoin price, Michael Saylor, the co-founder and chairman of MicroStrategy, has issued a message that has resonated with the crypto community. In a tweet, Saylor wrote, “You do not sell your Bitcoin.” You do not sell your #Bitcoin. — Michael Saylor⚡️ (@saylor) September 6, 2024 Saylor’s message comes at a time when some investors may be tempted to sell, with the Crypto Fear and Greed index suggesting that the crypto market is in extreme fear. Given the current market sentiment, panic selling driven by fear and uncertainty may result in hasty asset liquidations, prompting…
Phoenix Group has released its latest rankings of cryptocurrency projects by total value of staked tokens. Ethereum’s ($ETH) and Solana’s ($SOL) tokens have accumulated the most considerable value of staked tokens with $84.7B and $66.9B respectively. Ethereum ($ETH) stands out with a significant margin, followed closely by $SOL. These two projects have consistently maintained their positions, showcasing their robust staking mechanisms and strong community support. TOP PROJECTS BY TOTAL VALUE OF STAKED TOKENS$ETH $SOL $BNB $SUI $APT $ADA $TRX $AVAX $TIA $DOT $TON $TAO $NEAR $SEI $SAGA pic.twitter.com/VPxrBoAL91 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 26, 2024 Notable…
Tesla billionaire Elon Musk, who surprised traders with a shock bitcoin endorsement this week, has repeatedly warned in recent weeks that the U.S. is teetering on the brink of “bankruptcy.” The bitcoin price has surged this year as fears over the spiraling $35.7 trillion debt pile pushes the price of gold to an all-time high—with the Federal Reserve caught in a “nightmare” scenario. Now, Musk, who is working overtime to get “crypto president” Donald Trump back into the White House, has called the U.S. government’s $1 trillion per year interest payments a “financial emergency,” as inflation fears push another legendary…
Aethir, a well-known GPU-as-a-services project for decentralized cloud computing, has just announced support for storage services for the crypto network Filecoin. In this way, Aethir will improve some advanced features of its architecture thanks to the partnership with the historic blockchain. The main focus is on data management and processing as well as on the security of artificial intelligence models. Together Aethire and Filecoin are creating fertile ground for the mainstream expansion of the DePin landscape towards new, still unexplored destinations. Let’s see all the details below. Crypto and GPU: Aethir integrates support for the Filecoin blockchain A partnership that…
A cryptocurrency whale recently sold 100 Bitcoin (BTC), valued at approximately $5.35 million, making a profit of $206,000. This transaction occurred when the price of Bitcoin was just a little above the breakeven price of a whale. The transaction was shared by Lookonchain on X, formerly Twitter. A whale sold 100 $BTC($5.35M) for a profit of $206K when the price dropped close to its breakeven.Data from @intotheblock shows that 836K addresses bought ~402.8K $BTC($21B) at a price between $51,113 and $54,303.These addresses are likely to sell near the breakeven.… pic.twitter.com/Ji7w9o0qig — Lookonchain (@lookonchain) September 7, 2024 $21B in Bitcoin at…
Renzo Protocol has recently announced a partnership with CIAN Protocol. As per Renzo, the collaboration releases ezETH Yield Layer as a new forum offering ezETH holders to improve yield generation with the innovative combination of liquidity and lending strategies. The platform took to social media to provide the details of this endeavor. Yield Layer by @CIAN_protocol offers ezETH users exposure to @aave lending strategies with the balance of LP fees from @Uniswap Deposits are capped and will increase with AAVE 👇 https://t.co/Bjd734cJvn — Renzo (@RenzoProtocol) October 26, 2024 Renzo Protocol Collaborates with CIAN Protocol to Unveil ezETH Yield Layer to…